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Brazil enters a new cycle of growth, says Minister of Planning

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According to Dyogo Oliveira, the Brazilian economy has the potential to grow from 3% to 3.5% without affecting inflation

With structural reforms and the change of course in the economy, Brazil has entered a new cycle of growth and has the potential to grow from 3% to 3.5% without affecting inflation. The assessment was made by the Minister of Planning, Development and Management, Dyogo Oliveira, in a speech to Spanish businessmen.

For the minister, the country has been creating bases for development, which reduces the risk of investments. "We have started a great cycle of growth and, if they want to take part, they have to come to Brazil," he told entrepreneurs in Madrid, Spain.

In this sense, Dyogo drew attention to the projects of concession and privatization of the Program of Investment Partnerships (PPI), which has projects in the different areas of infrastructure.

According to him, the portfolio of concessions and privatizations has the potential to attract R $ 104 billion in investments in projects of highways, railways, mineral exploration, among others. "Brazil is progressing concretely and we are fulfilling what we promise from an infrastructure auction schedule," he said.

More reforms

This year, added the minister, the priority is to approve the reform of Social Security, considered essential to balance the public accounts and prevent the social security deficit from growing.

For 2018, Dyogo pointed to the simplification of the tax system, which he defined as "complex" for both taxpayers and Public Administration.

Source: Government of Brazil, with information from the Ministry of Planning